Legal Defense Fund Formed to Cover McDonnell’s Legal Expenses

July 31, 2013 4:57 pm

VIRGINIA BEACH, VA: Supporters of Virginia Governor Bob McDonnell have independently formed a legal defense fund to help cover legal expenses arising out of the Governor’s service in office and defending his record in office against attack.

Restoration Fund, chaired by Virginia Beach attorney Stanley Baldwin, was formed as a Virginia nonprofit corporation that will operate as a political organization under section 527(e)(1) of the Internal Revenue Code. Donations to the fund are not tax deductible as charitable contributions for federal income tax purposes, and persons that contribute more than $200 will be disclosed to the IRS and made public on a regular basis.

Restoration Fund will not accept contributions from any Virginia state employees, administration officials, board or commission appointees, or anyone who personally has or is a major shareholder, director, or executive of any entity with business before the Commonwealth.

Stan Baldwin released the following statement:

“We believe that Bob McDonnell has complied with the laws of Virginia as they relate to financial disclosures. For a decades-long public servant like Governor McDonnell, the legal fees being incurred by the investigations spurred by the case against the former mansion chef could be ruinous. The Governor’s friends want to ensure that he can wage a vigorous defense and clear his good name. Bob McDonnell’s over four decades of public service to Virginia and the nation, in the U.S. Army, as a prosecutor, Delegate, Attorney General and as Governor has always been one of leadership and conviction.”